Church & Dwight Q2 2026: Organic Sales Surge 5.8%, Miss Mouth's Acquisition Closes
CHD sits 22% above its 52-week low of $81.33.
Summary
Church & Dwight reported Q2 2026 results well above expectations, with organic sales up 5.8% and adjusted EPS of $0.89. The company closed the $300M Miss Mouth's acquisition, but flagged impairment risk for its WATERPIK trade name.
Key Events · Earnings and Guidance · CHD
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Q2 2026 Earnings Beat
Net sales rose 1.6% to $1,530.0M; organic sales surged 5.8% driven by volume. Diluted EPS of $0.85 beat expectations, with gross margin expanding 240 bps to 45.4%.
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Miss Mouth's Acquisition Closed
Acquired the Miss Mouth's Messy Eater brand for $300M cash, adding ~$80M in annual sales. Financed with cash on hand and commercial paper.
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WATERPIK Trade Name Impairment Risk
WATERPIK trade name fair value fell to 117% of carrying value ($644.7M) amid distribution losses and declining demand. Further declines could trigger an impairment charge.
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ERP Implementation Completed
Completed implementation of a new enterprise resource planning system in North America during Q2 2026.
Analysis · CHD · Industrial Applications And Services
A strong Q2 beat was driven by volume growth across all segments, with organic sales jumping 5.8%—well above the 3% outlook. Gross margin expanded 240 basis points to 45.4%, reflecting productivity gains and favorable mix, though partially offset by higher manufacturing and logistics costs. The quarter also saw the completion of the $300 million acquisition of the Miss Mouth's Messy Eater brand, adding a high-growth stain remover to the portfolio. On the risk side, the WATERPIK trade name faces impairment risk as fair value has eroded to just 117% of carrying value amid distribution losses and declining consumer demand. Additionally, the company implemented a new ERP system in North America, marking a significant operational milestone.
At the time of this filing, CHD was trading at $98.83 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $23.4B. The 52-week trading range was $81.33 to $106.04. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.